Brad Hargreaves | startup adventures in nyc a blog by Brad Hargreaves HOME Me Press HOME Uncategorized Spend for your Next Job Spend for your Next Job Lots of people talk about startup burnrates. But there isn’t quite as much said about personal burnrates. Move into a cheaper place. Then, you’re free.
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Whether you’re funded, seeking funding, or still bootstrapping, here are some of the best strategies for avoiding dilution and maintaining maximum equity: 1. Of utmost concern to many entrepreneurs is how to retain maximum equity in their startups. Rightly so. It’s a constant balancing act: growing your company without losing control of it.
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my creations dev experience recommended videos my card Ways to bootstrap a startup: “working in waves 5th December 2010 • Comments I’ve spent the last year and a half after graduating from the University of Warwick juggling working on startups and working as a contract web developer. Waves? One of these may well be funds.
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Others go through multiple rounds of funding – each bigger than the last which usually also results in steeper burnrates (driven by the need to show growth). This is the case even if the startup starts generating profit because it was built on “other peoples’ money” which comes at a 10x rate of return.
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That’s a burnrate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. See my interview a couple of years ago with parallel entrepreneur Rich Christiansen , who has started 28 businesses with a target bootstrap investment of $5K each. Here are a few examples: Setting up the business.
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